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|Number of pages / Number of words:
6 / 1611
Essay's paper body
Numeric data-based forecasting extrapolates history by generating statistical fits to historical data. Judgmental forecasting can also be based on past projection but like the Delphi method it relies on the subjective judgment of experts. Keep in mind that technological forecasting is most appropriately applied to capabilities, not to the specific characteristics of specific devices...
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Judgmental forecasting can also be based on past projection but like the Delphi method it relies on the subjective judgment of experts. Keep in mind that technological forecasting is most appropriately applied to capabilities, not to the specific characteristics of specific devices. Technological Forecasting in conjunctions with other tools helps the company identify prospective customers, timing for new products/services entering the market and when a current product/service or piece of equipment is reaching end of life span...
General points of the essay
: Product Economics And Profitability
Putting Data To Work: Intelligently Using Data Mining, Data Warehousing And Databases.
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